The action was taken basis recommendation of the National Housing Bank (NHB). Later, it filed an application with the NCLT, ...

Changes in insolvency rules empower resolution professionals to hand over possession of properties to homebuyers while the ...

The National Company Law Tribunal has initiated a corporate insolvency resolution process against AVIOM India Housing Finance, following governance concerns. After the RBI superseded AVIOM's board, an ...

The National Company Law Tribunal (NCLT) has admitted insolvency proceedings against AVIOM India Housing Finance, following ...

The National Company Law Tribunal (NCLT) on Thursday admitted embattled Non-Banking Financial Company (NBFC), Aviom India ...

The Court emphasized that the insolvency process under the IBC follows a structured approach, wherein a resolution professional is first appointed to assess the financial status of the debtor and ...

National Company Law Appellate Tribunal (NCLAT) Delhi has dismissed an appeal filed by Greenshift Initiatives Pvt. Ltd., upholding the Adjudicating Authority’s decision to deny the appellant a seat in ...

The introduction of Pre-Pack Insolvency Resolution Process (PPIRP) aims to provide efficient restructuring for MSMEs, facing ...

IBBI chairman Ravi Mital, in the regulator’s latest quarterly newsletter, pointed to a steady rise in corporate resolutions and a sharp decline in liquidations since 2020-21 ...

The Mumbai bankruptcy court has allowed the liquidator of Gitanjali Gems, impacted by ongoing PMLA investigations, to exclude ...

The Supreme Court on Thursday set aside a judgment by the Karnataka High Court and reinstated personal insolvency proceedings ...

“The Hon’ble NCLT vide order dated 20 February 2025, has admitted the application for commencement of corporate insolvency ...